Ally Financial Inc. (NYSE:ALLY) financial products and services provider, is expected to report third quarter earnings results, before market open, on Friday 16th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.68 per share.
Looking ahead, the full year income are expected at $ 1.46 per share on the revenues of $ 6169.27 million.
Previous Quarter Performance
Ally Financial Inc. disclosed income for the second quarter of $ 0.61 per share, from the revenue of $ 1,528.00 million. The quarterly earnings 37.11 percent while revenues reduced 1.55 percent compared with the same quarter last year.
Street analysts expected Ally Financial Inc. to report income of $ 0.18 per share on revenue of $ 1498.72 million for the second quarter. The bottom line results beat street analysts by $ 0.43 or 238.89 percent, at the same time, top line results outshined analysts by $ 29.28 million or 1.95 percent.
Stock Performance
Shares of Ally Financial Inc. traded up $ 0.48 or 1.75 percent on Thursday, reaching $ 27.87 with volume of 5.07 million shares. Ally Financial Inc. has traded high as $ 27.90 and has cracked $ 26.73 on the downward trend
According to the previous trading day, closing price of $ 27.87, representing a 168.00 % increase from the 52 week low of $ 10.22 and a 17.85 % decrease over the 52 week high of $ 33.34.
The company has a market capital of $ 10.42 billion and is part of the Financial sector and Mortgage Investment industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Piper Sandler at Overweight rating, with $ 31.00 target price.
Recent Stock Dividend Announcement
On July 15, 2020, the board of directors authorized quarterly dividend of $ 0.19 per share to holders of record as of the close of business on July 31, 2020, with payment date of August 14, 2020 and ex-dividend date on July 30, 2020.
Conference Call
Ally Financial Inc. will be hosting a conference call at 9:00 AM eastern time on 16th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ally.com
Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
